THE SITE of Denton’s old swimming pool has been sold for £650,000 to a firm that says it specialises in ‘house share.’
However, new owners Collaborative Living Ltd cannot build a huge block of flats on the Victoria Street plot.
For it has come with a restrictive covenant to prevent a developer from building above three storeys in height.
Ann building on the area will also come at a cost, with £211,909 of the fee going to the Greater Manchester Combined Authority as ‘clawback overage,’ meaning the authority will in fact received £438,091.
Collaborative Living must also hand over 10 per cent of the charge – £65,000 – within one month and permission for any development must be sought inside a year.
Described as being ‘created due to COVID-19, after the pandemic took its toll on businesses around the UK,’ Collaborative Living says it is a ‘professional property share company.’
And it is determined to make sure those living in the properties are as catered for as those who ow them.
They say: “The team behind Collaborative Living are determined and driven to providing a professional and wonderful experience for both landlords and professionals of any age looking to live in shared accommodation.
“We believe that we offer something very different and easy for all parties involved.
“We have established a trusted community where residents enjoy a positive and enjoyable social house share and where landlords and investors have financial peace of mind with long term security.
“The properties are taken care of by our experienced property managers and we provide the support and cleaning services to encourage the continued maintenance of your property.”
No explanation of why this £200,000 overage payment should be handed over to the Greater Manchester Combined Authority.
Who is giving this money away?
This surely belongs to the residents of Tameside.